About Progress Software Development Private Limited
Data last updated: 04 January 2026
Progress Software Development Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Progress Software Corporation. It specialises in application development and software solutions, a part of the broader technology and IT services sector. Incorporated on 09 February 2005, the company has been in operation for over 21 years.
Registered with ROC Hyderabad under CIN U74200TG2005PTC045304.
Capital: an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Chandra Sekhar Cheruku and Domenic Lococo.
Last AGM: 07 October 2025. Financial statements filed for year ended 31 March 2025. Office: Hyderabad, Telangana.
As per the financials filed for FY 2025, the company reported a revenue of ₹310.76 Cr, a growth of 31% compared to the previous year.
The company has a workforce of approximately 424 employees as per the latest available data. It operates as a subsidiary of Progress Software Corporation.
The company is associated with 1 brand - Progress.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website progress.com.
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Registered AddressUnit 1101 A Wing Galaxy Sy.No.83/1 Hyd Knowledge City Tsiic Raidurg Village Serilingampa, Lly Mandal, Hyderabad, Telangana, India – 500081
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IndustryInformation Technology, Application Development & Software Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Progress Software Development Private Limited
Progress Software Development Private Limited has one previous CIN (Corporate Identification Number): U74200AP2005PTC045304. The current CIN is U74200TG2005PTC045304, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74200TG2005PTC045304 | Current |
| U74200AP2005PTC045304 | Previous |
Associated Brands with Progress Software Development Private Limited
Progress Software Development Private Limited operates one associated brand: Progress. These brands represent Progress Software Development Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| IDE-based software is provided for application development and management. | progress.com |
Competitors & Alternatives of Progress Software Development Private Limited
Brands and companies operating in the same space as Progress Software Development Private Limited include DigitalOcean, Webflow, JFrog and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
DigitalOcean
|
Cloud based integrated application development platform | New York, United States, United States | 2011 |
Webflow
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Cloud based website development platform | San Francisco, United States, United States | 2012 |
JFrog
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Cloud based suite of devops solutions | Sunnyvale, United States, United States | 2008 |
Acquia
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AI powered digital experience and customer data management platform | Boston, United States, United States | 2007 |
BloomReach
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SaaS-based product discovery and personalization for e-commerce are provided. | Mountain View, United States, United States | 2009 |
Yext
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Cloud-based brand management solutions provider | New York, United States, United States | 2006 |
Odoo
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Open-source business management software is developed with integrated modules. | Louvain-la-neuve, Belgium, Belgium | 2005 |
OutSystems
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Low-code platform enables application development and deployment without coding. | Linda A Velha, Portugal, Portugal | 2001 |
CrownPeak
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Cloud-based digital experience management & website personalization platform | Denver, United States, United States | 2001 |
Business Activity of Progress Software Development Private Limited
Progress Software Development Private Limited is engaged in the principal business activity of information and communication, with detailed activities including computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details for Progress Software Development Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Progress Software Development Private Limited
Progress Software Development Private Limited is audited by DELOITTE HASKINS & SELLS for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DELOITTE HASKINS & SELLS | Locked | Locked | Locked |
Complete auditor history for Progress Software Development Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Progress Software Development Private Limited
Progress Software Development Private Limited is currently managed by 3 directors, with 11 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Chandra Sekhar Cheruku
Also directs:
Progress Software Solutions India Private Limited
|
Director | 30 Nov 2022 | 3 Years 7 Months | Current |
| Domenic Lococo | Director | 29 Jun 2022 | 4 Years 0 Months | Current |
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Anthony Alfred Folger
Also directs:
Progress Software Solutions India Private Limited
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Director | 11 Oct 2022 | 3 Years 9 Months | Current |
Financials of Progress Software Development Private Limited FY 2025 filings available
Progress Software Development Private Limited reported revenue of ₹310.76 Cr (up 31.00% YoY) for FY 2025.
Ten-year financial statements for Progress Software Development Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
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Ownership and Shareholding of Progress Software Development Private Limited
Shareholding and ownership data for Progress Software Development Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Charges & Borrowings Progress Software Development Private Limited
Progress Software Development Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Progress Software Development Private Limited
Progress Software Development Private Limited has a workforce of 424 employees as of Mar 27, 2024.
Employee and EPFO history for Progress Software Development Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Progress Software Development Private Limited
GST registrations and filing compliance for Progress Software Development Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Progress Software Development Private Limited
Credit ratings, litigation, and regulatory alerts for Progress Software Development Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Progress Software Development Private Limited
MSME payment history for Progress Software Development Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Progress Software Development Private Limited
Corporate group structure for Progress Software Development Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Progress Software Development Private Limited
MCA filings and documents for Progress Software Development Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Progress Software Development Private Limited
Recent News on Progress Software Development Private Limited
Frequently Asked Questions about Progress Software Development Private Limited
Progress Software Development Private Limited is an active private limited company in the information technology sector based in Hyderabad, Telangana, India. It was incorporated on 09 February 2005 (21+ years old) and is registered under CIN U74200TG2005PTC045304. The company has 424 employees.
Progress Software Development Private Limited reported revenue of ₹310.76 Cr for FY 2025 (up 31.00% YoY).
The current directors of Progress Software Development Private Limited are:
- Chandra Sekhar Cheruku - Director
- Domenic Lococo - Director
- Anthony Alfred Folger - Director
The primary industry of Progress Software Development Private Limited is information technology. The company specifically operates in application development and software solutions. The company is currently active in this sector.
Progress Software Development Private Limited can be reached at the registered office: Unit 1101 A Wing Galaxy Sy.No.831 Hyd Knowledge City Tsiic Raidurg Village Serilingampa, Lly Mandal, Hyderabad, Telangana, India – 500081, or through the website progress.com.
The authorised capital is ₹5 Lakh, and the paid-up capital is ₹5 Lakh.